Foreign Buyers Account for Nearly 16% of Spain’s Home Sales

Foreign Buyers Account for Nearly 16% of Spain’s Home Sales

Foreign buyers accounted for 15.9% of the total number of sales in Spain during the third quarter of 2022, the highest level on record, according to the Association of Registrars. Spain’s favorable climate, beautiful coastline and quality of life have been attracting increasingly more foreign buyers in the past decade. The top three countries of origin are the U.K. (9.3%), Germany (8%) and France (6.2%), according to the association. The most popular places for foreigners to buy property in Spain are Alicante, where they make up 42.8% of home sales, Santa Cruz de Tenerife (40.5%), Málaga (33.95%) and the Balearic Islands (31.4%)

Quality of life, the climate and the kilometres of coastline in Spain are just a few of the things that are increasingly attracting foreigners. Proof of this is that foreigners are buying more homes in Spain than ever before. According to the Association of Registrars, between June and September 2022, foreigners bought 26,728 homes in Spain, which represents 15.92% of the total number of registered sales and purchases and a new record in the historical series of this organisation. These figures show a clear and consolidated upward trend and, above all, reflect the notable strength of the property market in Spain.. MSN

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